Friday, March 14, 2008

Foreclosures, Foreclosures, Foreclosures

from the Lexington Herald Leader
Friday 3-14-08


The overall U.S. foreclosure rate last month was one filing for every 557 homes. February marked the 26th consecutive month with a national year-over-year increase in foreclosure-related filings.

Kentucky bucks national trend

Kentucky continued bucking the national trend in foreclosures in February, when the state rate plummeted 24.2 percent over the number in February 2007.

Kentucky’s total of 476 foreclosures in ferry also dropped by 16.78 percent from January, according to Realty-Trac.

The total of 476 new foreclosures was equal to one for every 3,919 households in the sate, which gave Kentucky a ranking of 45th among the sates down from 38th in January when the state had 572 new foreclosures.

Only Mississippi, South Dakota, North Dakota, West Virginia, and Vermont had lower ranking than Kentucky.

Jonah's thoughts
If you want 10 tips to avoiding foreclosure e-mail me jonah@jonahmitchell.com. 15 year fised rate will fall below 5% soon.

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